 Solar and Wind
Wind and solar expected to be 50% generation by 2050. First community Solar + Storage. 1MW rooftop solar + 1MW / 2MWh storage. MA 200 MWh energy storage target. Solar + Storage at a historically low priceof 3c/kWh for 20 years. Solar PV module prices expected 24c/Win 2018, down 35% from 37c/W in 2017. Energy Storage $548 BN being invested in battery capacity by 2050. Funding for long-term energy storage developmentof 10-100 hours. A key to succeeding at storage is to combinemany different applications: (1) Standalone battery (2) Tolling agreement where the battery owner stores electricity for the local utility for a fee – e.g. 110 MW AES Southland project in southern California. (3) Buy-sell model - Battery owner buys power during off-peak periods when the electricity is cheap and sells it back to the grid during peak hours. (4) Storage added to a solar or wind project - Regulates the ramp rate, earns additional revenue by providing ancillary services. Oil and Gas PE sponsored companies likely M&A candidatesinclude Oil & Gas. Latest News 223 transactions representing $7 BN.
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